As Bitcoin (BTC) Traders Flip Bullish on Binance, Key Signals Suggest a Possible Rally Is Upcoming

The BTC bullish trend has regained traction. The taker buy/sell ratio is moving above 1.008, showing buyers are stepping in.

The Bitcoin bullish trend could be setting up for a move as signals suggest that a breakout is on the horizon.

Also Read: Bitcoin Price Analysis: BTC Flirts With Key Levels As Liquidation Threat Looms

The taker buy/sell ratio on Binance recently turned positive at 1.008, a subtle shift that could hint at a pending move. This ratio has historically been linked to spurts in the BTC price. It's no surprise given that the taker orders directly contribute to price shifts.

This time, the ratio went above 1.00 again as Bitcoin approached the $85,500 zone. Earlier this month, the ratio went above 1.1 when Bitcoin briefly touched $86,000. It was later followed by another leg up to $87,400.

The market order flow analysis aligns with this narrative. While the overall mood suggests caution, BTC appears to be positioning for an upward move. According to reports, a breakout above $85,000 would liquidate nearly $637 million in shorts and set off a rapid chain reaction favoring the bulls.

This imbalance could be pivotal in the upcoming Bitcoin price movements.

Another crucial sign of the BTC bullish trend is Bitcoin's rising dominance. Now standing at 63.81%, dominance has seen a year-to-date jump of nearly 10%.

With the Altcoin Season Index at a mere 15/100, it's clear that Bitcoin remains the market's driving force. However, traders are pivoting toward crypto following fresh tariff announcements and geopolitical tension.

President Trump's renewed tariffs on Chinese imports are creating waves in the market. This macro backdrop is indirectly supporting BTC demand, according to reports.

Even on X (formerly Twitter), influential accounts like MetaEra are noticing this shift. On April 16, MetaEra reported a return to neutrality in Binance's ratio. He gave a subtle hint that the bulls are coming back. Aiding this view is a bullish crossover. This confirms what many had suspected: the sentiment is shifting fast.

From a technical standpoint, Bitcoin continues to find support at the $83,800 zone and is trading above its 50-period EMA on the 2-hour chart. RSI has recovered to 51.8, signifying some bullish momentum. A volume-backed breakout above $85,500 would confirm strength and open doors for a rally toward $87,400.

Chart 1 – BTC/USD 2-hour chart, published on TradingView, April 17, 2025.

Looking forward, analysts at Real Vision forecast that the BTC bullish trend could extend into Q2, potentially testing new all-time highs.

U.S. tax dynamics, where selling for obligations meets buying for refunds, may be the source of the current restraint, keeping traders in a holding pattern. But this imbalance may soon resolve.

Any strong candle close above $85,500, coupled with volume confirmation, could be the trigger. Those monitoring BTC price levels and sentiment shifts will be better prepared to react before retail FOMO sets in.